Highest effective tax rate for incomes up to HK$70,000/month.
Standard Basic Allowance for the year.
Tax payable on a monthly income of HK$20,000.
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Tax Payable by Income Level
This chart directly compares the total annual tax amount for different monthly incomes. It clearly shows how the absolute tax liability increases as income grows, with the most significant jumps occurring at higher income levels.
The Rise of the Effective Tax Rate
While absolute tax increases, the effective tax rate—the actual percentage of your total income paid in taxes—also rises. This line chart illustrates Hong Kong's progressive tax system: the more you earn, the higher the percentage you contribute.
Detailed Tax Data Breakdown
For those who want a closer look, this table provides the precise figures used in our visualizations, covering monthly income, annual income, total tax, and the resulting effective tax rate.
| Monthly Income (HKD) | Annual Income (HKD) | Tax (HKD) | Effective Rate (%) |
|---|---|---|---|
| 10,000 | 120,000 | 0 | 0.00 |
| 20,000 | 240,000 | 4,800 | 2.00 |
| 30,000 | 360,000 | 20,760 | 5.77 |
| 40,000 | 480,000 | 41,160 | 8.58 |
| 50,000 | 600,000 | 61,560 | 10.26 |
| 60,000 | 720,000 | 81,960 | 11.38 |
| 70,000 | 840,000 | 102,360 | 12.19 |